Waste Not: Taiwan Workshop Turns Trash into Sunglasses 

Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
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Waste Not: Taiwan Workshop Turns Trash into Sunglasses 

Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)

Plastic bottle caps, food packaging, single-use utensils and scrapped toys are just some of the throw-away items that have been given a new life at a zero-waste workshop in Taipei.

Customers get hands-on experience in the recycling process, taking plastic waste brought from home, and melting and molding it into a pair of sunglasses within two hours.

"What we are trying to show in the Trash Kitchen is to let you see, feel, touch within minutes how this process can actually work without secondary pollution, and you can actually turn it into something of value directly in front of you," Arthur Huang, founder of Miniwiz, the company that runs the workshop, told Reuters.

The Taiwan company also produces tiles, bricks, hangers and other daily necessities from plastic and organic waste, using a "miniTrashpresso", a machine it developed in 2017, Huang said.

Kora Hsieh, editor-in-chief for fashion magazine Harper's Bazaar Taiwan, said the sunglasses project is a good initiative to promote sustainable fashion.

"I think environmental protection and fashion still have a long way to go. As for consumers, it is important for them to get first-hand experience, so a workshop like this is very helpful," she said.

Participants said the workshop inspired them to think twice about producing trash and pay more attention to reusable items.

"I have two children. I need to think about their future," said business owner Debbie Wu, 40.

"If you throw away trash without thinking, you kick the problem down the road. So if everyone can do their best, recycle and use less plastic, that will make a big difference," Wu said.

Taiwan produced a record 11.58 million metric tons of waste in 2023, including 6.27 million tons of recyclable trash, according to data from the Ministry of Environment.



Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery

A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
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Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery

A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)

Birkenstock beat market expectations for fourth-quarter results on robust demand for its pricey footwear and forecast a recovery in margins in fiscal 2025, sending the company's shares up 7% on Wednesday.

With fresh styles becoming a priority for consumers, Birkenstock's sandals and closed-toe clogs have drawn new customers both at its own stores and at retailers.

The company bypassed steep discounting trends evident during the holiday shopping season, which Birkenstock executives said was off to a strong start globally.

"The expansion of ranges into more closed-toe silhouette has helped boost revenue, given that they offer multi-season wear," Susannah Streeter, head of money and markets at Hargreaves Lansdown, said.

Germany-based Birkenstock's average selling prices across its product range were up 8% in fiscal 2024, in part due to higher sales of clogs, the company said, adding that closed-toe styles now made up about a third of its business.

The company has invested in expanding its global store presence and increasing manufacturing capacity this year to meet demand.

While it led to a 330-basis point drop in gross margins in fiscal 2024, Birkenstock forecast a recovery in margins in fiscal 2025 as it ramps up production from new facilities.

The company reported fourth-quarter revenue of 455.8 million euros ($478.27 million), compared with the average analyst estimate of 439.2 million euros, according to data compiled by LSEG.

However, Birkenstock's forecast for fiscal 2025 revenue to increase between 15% and 17% was below estimates of 17.5% growth.

"It would appear with this incredibly healthy growth, the company is choosing to adopt a conservative approach that they expect to be able to meet and beat," BMO Capital Markets analyst Simeon Siegel said.

On an adjusted basis, Birkenstock earned 0.29 euro per share, beating estimates of 0.26 euro.